Annual rent increases usually go along with inflation thereabout and thus, aren't a big deal. But sometimes you have severely under-rented properties, typically on inherited tenants in properties you've bought. And nowadays, the rental market has gone so crazy almost every property is under-rented to one degree or another.
So how do you go about raising the rent on such units? Should you bring it to market immediately or slowly increase it over time. Well, it kind of depends. Please let us explain on what it depends and how you should approach this sticky issue.
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